Category: Uncategorized

Reviewer:  Allison Whitehart | December 30, 2018 

Final expense insurance, also known as burial insurance, eases the burden your loved ones will have to carry upon your passing. Peace of mind comes from knowing 100% of your final expenses will be covered, and all final arrangements have been made.

Benefits of Final Expense Insurance

There are a number of reasons to consider final expense insurance. Final expense insurance, also known as funeral or burial insurance, eases the burden your loved ones will carry in the event of your passing.

Grieving loved ones may make poor financial decisions during these times, spending beyond their means due to emotional turmoil. Final expense insurance not only eases the financial burden your family and friends would face, but also the planning of a funeral.

You’ll gain peace of mind knowing that your funeral will represent who you are. Purchasing final expense insurance allows you to discuss your arrangements with a beneficiary in private. You’ll know that you will be remembered the way you prefer to be remembered.

Most people rely on their savings to cover burial expenses. The problem with that, is that disease, illness, and injury are unpredictable, and these unexpected life events can eat through savings quickly. Final expense insurance will cover burial expenses even if medical bills wipe out your savings.

Others think that life insurance can cover the cost of burial expenses, but this is also a common misconception. Life insurance claims can take time to be processed, and funds are rarely available in time to cover funeral expenses. Additionally, life insurance does not help with funeral or estate planning the way funeral insurance does. But life insurance is a critical part of insuring you and your loved ones against unforeseen events. If you don’t have life insurance, or have an expiring policy, check out our Life Insurance Buyers Guide for life insurance basics and our top policy provider picks.

Final Expense Insurance Considerations

The average burial costs more than $8500 in 2019, and this doesn’t include the cost of flowers, catering, obituaries, etc. Final expense insurance makes sure funds are allocated and available for your family when they’re needed.

Final expense insurance, also known as burial insurance, is designed to pay for all of the costs associated with your death. The amount a policy will pay out will depend on how much you pay in premiums over the life of your plan. The beneficiary of your coverage can use any payout to meet your funeral costs, pay probate, and clear any outstanding debts you leave. If you pass away without any savings and no insurance, you leave a large burden for someone else.

Term or Whole Life

Burial coverage plans come as either term life or whole life policies. The former will provide a payout if you die during the term of your plan, say 20 years, while the latter will cover you for the rest of your life. If your term life policy expires without a claim being made, you will have to get a new policy to extend your coverage. The older you are, the higher your premiums are likely to be for term life insurance.

Beneficiary

Make sure you trust the beneficiary of your policy. You’ll probably be better off entrusting any payout to your partner or a close relative because this person will have be trusted to execute some of your final instructions.

Qualifying for Final Expense Insurance

You most likely won’t have to go through a medical exam to get final expense insurance. If you suffer from poor health, you may have to take out a graded benefit that would only pay out a portion of the value of your policy if you were to die over the first few years of coverage. If you already have a life insurance policy, you may consider using a portion of any payout to meet your funeral costs. This will often be cheaper than paying for a final expense plan.

Why Would I Need a Final Expense Policy?

When purchasing life insurance, it is important to choose the right type and the right amount of coverage for your specific needs. Therefore, be sure to add up all of the potential final expenses that may be required.

Reviewer:  Aaron Creighton | December 3, 2018 

Your home equity can provide an income opportunity, if and when needed. Reverse mortgages have benefits and drawbacks, depending on your unique situation.

Reverse Mortgages Overview

If you’re 62 or older – and want money to pay off your mortgage, supplement your income, or pay for healthcare expenses – you may consider a reverse mortgage. It allows you to convert part of the equity in your home into cash without having to sell your home or pay additional monthly bills. But take your time: a reverse mortgage can be complicated and might not be right for you. A reverse mortgage can use up the equity in your home, which means fewer assets for you and your heirs. If you do decide to look for one, review the different types of reverse mortgages, and comparison shop before you decide on a particular company.

Read on to learn more about how reverse mortgages work, qualifying for a reverse mortgage, getting the best deal for you, and how to report any fraud you might see.

How do Reverse Mortgages Work?

When you have a regular mortgage, you pay the lender every month to buy your home over time. Reverse mortgages take part of the equity in your home and convert it into payments to you – a kind of advance payment on your home equity. The money you get usually is tax-free. Generally, you don’t have to pay back the money for as long as you live in your home. When you die, sell your home, or move out, you, your spouse, or your estate would repay the loan. Sometimes that means selling the home to get money to repay the loan.

Types of Reverse Mortgages

There are three kinds of reverse mortgages:

1. Single purpose reverse mortgages – offered by some state and local government agencies, as well as non-profits
2. Proprietary reverse mortgages – private loans
3. Federally-insured reverse mortgages – also known as Home Equity Conversion Mortgages (HECMs).

How Do I Get Paid?

The money you get usually is not taxable, and it generally won’t affect your Social Security or Medicare benefits. When the last surviving borrower dies, sells the home, or no longer lives in the home as a principal residence, the loan has to be repaid. In certain situations, a non-borrowing spouse may be able to remain in the home. Here are some things to consider about reverse mortgages:

• There are fees and other costs – make sure you read the fine print
• You owe more over time – because interest is added to the loan
• Interest rates may change over time – many have variable interest rates
• Interest is not tax deductible each year – only when the loan is fully paid off
• You have to pay other costs related to your home – owning a home is expensive

Shopping for a Reverse Mortgage

If you’re considering a reverse mortgage, shop around. Decide which type of reverse mortgage might be right for you. That might depend on what you want to do with the money. Compare the options, terms, and fees from various lenders. Learn as much as you can about reverse mortgages before you talk to a counselor or lender. And ask lots of questions to make sure a reverse mortgage could work for you – and that you’re getting the right kind for you.

Things to Consider

Do you live in a higher-valued home?

Compare fees and costs.

Be Wary of Sales Pitches for a Reverse Mortgage.

Understand total costs and loan repayment.

Your Right to Cancel.

Do you want a reverse mortgage to pay for home repairs or property taxes?

If so, find out if you qualify for any low-cost single purpose loans in your area. Staff at your local Area Agency on Aging may know about the programs in your area. Find the nearest agency on aging at eldercare.gov, or call 1-800-677-1116. Ask about “loan or grant programs for home repairs or improvements,” or “property tax deferral” or “property tax postponement” programs, and how to apply.

Do you live in a higher-valued home?

You might be able to borrow more money with a proprietary reverse mortgage. But the more you borrow, the higher the fees you’ll pay. You also might consider a HECM loan. A HECM counselor or a lender can help you compare these types of loans side by side, to see what you’ll get – and what it costs.

Compare fees and costs.

This bears repeating: shop around and compare the costs of the loans available to you. While the mortgage insurance premium is usually the same from lender to lender, most loan costs – including origination fees, interest rates, closing costs, and servicing fees – vary among lenders.

Understand total costs and loan repayment.

Ask a counselor or lender to explain the Total Annual Loan Cost (TALC) rates: they show the projected annual average cost of a reverse mortgage, including all the itemized costs. And, no matter what type of reverse mortgage you’re considering, understand all the reasons why your loan might have to be repaid before you were planning on it.

Be Wary of Sales Pitches for a Reverse Mortgage.

Is a reverse mortgage right for you? Only you can decide what works for your situation. A counselor from an independent government-approved housing counseling agency can help. But a salesperson isn’t likely to be the best guide for what works for you. This is especially true if he or she acts like a reverse mortgage is a solution for all your problems, pushes you to take out a loan, or has ideas on how you can spend the money from a reverse mortgage.

For example, some sellers may try to sell you things like home improvement services – but then suggest a reverse mortgage as an easy way to pay for them. If you decide you need home improvements, and you think a reverse mortgage is the way to pay for them, shop around before deciding on a particular seller. Your home improvement costs include not only the price of the work being done – but also the costs and fees you’ll pay to get the reverse mortgage.

Some reverse mortgage salespeople might suggest ways to invest the money from your reverse mortgage – even pressuring you to buy other financial products, like an annuity or long-term care insurance. Resist that pressure. If you buy those kinds of financial products, you could lose the money you get from your reverse mortgage. You don’t have to buy any financial products, services or investment to get a reverse mortgage. In fact, in some situations, it’s illegal to require you to buy other products to get a reverse mortgage.

Some salespeople try to rush you through the process. Stop and check with a counselor or someone you trust before you sign anything. A reverse mortgage can be complicated, and isn’t something to rush into.

The bottom line: If you don’t understand the cost or features of a reverse mortgage, walk away. If you feel pressure or urgency to complete the deal – walk away. Do some research and find a counselor or company you feel comfortable with.

Your Right to Cancel.

With most reverse mortgages, you have at least three business days after closing to cancel the deal for any reason, without penalty. This is known as your right of “rescission.” To cancel, you must notify the lender in writing. Send your letter by certified mail, and ask for a return receipt. That will let you document what the lender got, and when. Keep copies of your correspondence and any enclosures. After you cancel, the lender has 20 days to return any money you’ve paid for the financing.

Reviewer:  Matthew Ellis | February 13, 2019

Is your auto warranty expired, or about to expire? Or maybe you don’t have an extended vehicle warranty.

Most Americans can’t afford an unexpected breakdown, but they can afford an extended auto warranty. It takes only seconds to acquire vehicle protection, which can save you thousands in the long run.

What is an Auto Warranty?

An auto warranty, or “aftermarket car warranty” protects car owners from costly repairs once their manufacturers warranty has expired. The technology in modern cars has dramatically increased average repair costs, so many consumers purchase extended coverage to protect their investments.

Who Can Get an Auto Warranty?

What most people don’t realize, is that you can purchase purchase an extended auto warranty at any time, even after your original manufacturer’s warranty has expired. You can pick one up from your dealership, or shop a third party option.

What Does an Auto Warranty Cover?

There are many different types of auto warranties. An extended powertrain warranty covers the expensive basic components that keep the car moving, the engine and transmission. A vehicle ‘wrap’ warranty or ‘bumper-to-bumper’ warranty covers everything else, but there are of course some limitations you need to be aware of.

The best extended auto warranties go a step beyond, offering multiple protection plans with low deductibles, 24/7 roadside assistance, complimentary towing, plus rental car, meal and lodging reimbursement if your car leaves you stranded far from home.

Who Needs an Auto Warranty?

Most people would benefit from an auto warranty, so let’s start with describing the type of person who probably doesn’t need one. If you have enough money in the bank to cover an engine, transmission, or expensive electrical malfunction, and are ok with accepting the risk that one of these failures could happen, you probably don’t need it. Or, if you have an extensive auto warranty on your new car already, and you put low mileage on your cars each year, you’re also probably safe.

But if you’re like most people, and would have a hard time paying cash for a $2,000 repair bill, an auto warranty could help you sleep better at night. If you find yourself in one or more of the following situations, you may have much peace of mind to gain from an auto warranty:

• You just purchased a used car and don’t know how the car has been treated.
• You have a newer car with expensive-to-fix technology features.
• An expensive repair would make it difficult for you to pay your bills.
• You have a hard time saving emergency funds for vehicle repairs.
• Your car’s dealer warranty is near expiration.
• You put high mileage on your vehicle.

Are Auto Warranties Worth it?

The peace of mind that comes with additional coverage of an extended car warranty could be enough to make it worth it for you. You just need to be honest with yourself about the level of risk you’re comfortable with.

Final Thoughts

No matter what advice comes their way, some people just aren’t willing to take chances, or they prefer the convenience of an extended warranty. They’re more comfortable knowing that any major repairs will be taken care of. And there’s nothing wrong with that. Just make sure that you do your homework before walking into a conversation with a finance manager or insurance salesman.

Flat tires, breakdowns, and accidents happen.

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Thousands of years of breeding have not been kind to doggy joints
… but there is a solution.

How do you know if your dog is suffering?
They can’t exactly tell you where it hurts, but there are important signs of pain you should look for.

Does your dog display any of these painful symptoms?

1. Slow to Get Up – Have you noticed that your dog is having trouble getting up? Especially after a long sit? Often people confuse arthritic joints with natural aging, but there is a difference! Even older dogs can act much younger if their joints are properly taken care of.
2. Limping – Even a slight limp may be evidence of joint pain. Watch how your dog moves at different speeds, and see if you notice anything unusual. Pay attention to changes in your pets gait as he or she ages.
3. Lower Energy – Many people watch as their dog’s energy decreases, and think it’s a natural part of aging. But that’s not always the case! Dogs can’t tell us when they’re in pain, so we have to make sure we’re doing everything we can to relieve their pain.
4. Chewing or Licking Excessively – Does your dog lick, chew, or bite more often than when he or she was a puppy? Even if there are no hot spots, or red sores on your pet’s skin, the chewing and licking are often a sign of stress due to many factors, including pain.

Any of these symptoms mean your dog is in pain, so it’s time act!

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Introductory credit card rates sounds great until your once “good deal” turns very, very bad. Oftentimes, the best and only way out of credit card hell is a personal loan specifically earmarked for debt consolidation purposes.

Once you get approved for a debt consolidation loan, you can literally pay off your credit cards with a few keystrokes.

About 15 days later your credit score will typically go up by 50+ points and the same credit card companies that were trying to cancel Christmas just weeks before are now sending you sweet 0%, no payments for one year offers.

What do we think?

Smash your rates to zero, make them pay! Here’s how:

Apply for a top rated debt consolidation loan. Once you’re approved, pay down your credit cards at least 50% and watch your credit score go through the roof.

Then start shopping balance transfer deals like a boss. Once you have a pile of 0% credit card offers, you can even use them to pay down or pay off your personal debt consolidation loan.

Thanks to Even Financial, you can get matched for the right consolidation loan from $1,000 to $100,000. Most loan lengths are typically in the 24-48 month range.

It only takes minutes to get a response from Even Financial, right here.

APRs for the loans are, of course, based on your creditworthiness; however, remember, as soon as you get your credit card balances under 50%, you’ll smell like roses again and the 0% offers will flood in.

Ready to See Your Options? Apply here now and Get Answers in Minutes.

Even’s 1-page application looks like this:

Once you fill it out, Even financial will immediately begin returning offers that you’re qualified for from nearly all of the top financial companies that are a fit.

Here’s the catch… Even Financial is not a good fit for those with very low credit scores such as below 580. If you’ve missed too many payments and your score has a taken a big hit, then you may be better off negotiating a pay down plan vs. applying for a consolidation loan.

If your credit score is in the low to mid 600’s due to high credit card balances, then a consolidation loan may be the perfect ticket. We’ve seen consumers with scores in the low 600’s hit low 700’s with just weeks after their credit card companies reported the lower balances.

Do you need to pay off your cards entirely with a consolidation loan?

No, if fact you may not want to. There are two high priority moves you want to make to maximize your credit score.

1. Get your credit card balances below 50% of your available credit.
2. If you can, pay off the cards with the highest interest rates.

Note that even if you can only pay down your cards by 50%, you’ll usually start getting 0% introductory balance transfer offers you can use to smash any remaining bad rates.

Very important… keep track of your 0% offer expiration dates or you’re likely to be right back in the house of pain a year from now. You got this– time to manage your credit like a pro.

Ready to try it? Apply here now and find out in minutes.

-Here’s to your financial health!

Flat tires, breakdowns, and accidents happen.

Roadside safety flares save lives slowing and diverting dangerous traffic after accidents.

Replace all old flammable auto safety flares with modern LED safety discs ASAP.

Roadside Safety Discs are the modern solution to ensure you’re always prepared for a roadside emergency.

Modern Roadside Safety Discs can be seen from over 5000 feet by oncoming motorists. Protect yourself and your family in all emergency situations, simply activate each light with a single click. The magnetic discs allows you to easily attach the discs to your car as well as the ground. They are waterproof and durable enough to withstand being run-over and while still continuing to shine!

Now passing drivers can see you up to 5,000 feet away and have plenty of time to give you plenty of space.

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